Press release March 16, 2023

Baden-Württemberg in winter recession (in German).

In the first quarter of 2023, the economy in Baden-Württemberg is expected to decline by 0.2 percent compared to the fourth quarter of 2022, adjusted for seasonal and working-day effects. According to preliminary calculations, economic output already declined by 0.3 per cent in the previous quarter. According to the common definition, Baden-Württemberg is then in a recession phase.